,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ebfa  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #bb1         
#bjai,mr4 ,ruiz introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on ,ways &
 ,means  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide an     
employ] cr$it = increas+ wages4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,rew>d+ ,am]ican ,inve/m5ts to ,support 
,employees ,act ( #bjai or ! ,,raise    
,act ( #bjai4  #b4 ,employ] wage cr$it  
7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv (     
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+3  #de,t4 ,employ] wage
 cr$it  7a7 ,9 g5]al ,= purposes (      
section #ch1 ! employ] wage cr$it       
det]m9$ "u ?is section ) respect to any 
employ] = any taxable ye> is an am\nt   
equal to #aj p]c5t ( ! excess 7if any7  
(--  7#a7 ! aggregate am\nt ( wages paid
 or incurr$ to specifi$ employees dur+ !
 cal5d> ye> :i* ends ) or )9 su* taxable
 ye>1 ov]  7#b7 ! aggregate am\nt (     

wages paid or incurr$ to specifi$       
employees dur+ ! cal5d> ye> imm$iately  
prec$+ ! cal5d> ye> describ$ 9 p>agraph 
7#a74  7b7 ,limitations  7#a7 ,9 g5]al  
,! am\nt ( ! cr$it det]m9$ "u subsection
 7a7 ) respect to any employ] = any     
taxable ye> %all n exce$ #ejj1jjj4  7#b7
 ,limitation on increase :i* may be tak5
 into acc\nt ) respect to ea* employee  
,! am\nt ( wages tak5 into acc\nt "u    
subsection 7a77#a7 ) respect to any     
employee %all n exce$ ! sum ( #be1jjj   
plus ! am\nt ( wages tak5 into acc\nt "u
 subsection 7a77#b7 ) respect to su*    
employee4  7c7 ,specifi$ employees ,=   
purposes ( ?is section1 ! t]m specifi$  
employee means any employee :o-- 7#a7 0 
employ$ cont9u\sly 9 "o or m trades or  
bus9esses ( ! employ] dur+ bo? cal5d>   
ye>s describ$ 9 subsection 7a71 &  7#b7 
e>n$ wages n 9 excess ( #ge1jjj dur+ !  
cal5d> ye> describ$ 9 subsection        
7a77#b74  7d7 ,o!r def9itions & special 
rules ,= purposes ( ?is section--  7#a7 
,wages ,! t]m wages has ! mean+ giv5 su*

 t]m by section #ccjf7;b7 7det]m9$ )\t  
reg>d to any doll> limitation conta9$ 9 
su* section74 ,su* t]m %all n include   
any am\nt tak5 into acc\nt 9 det]m9+ any
 o!r cr$it all[$ "u ?is subp>t4  7#b7   
,pr$ecessor & successor ,any ref]5ce 9  
?is p>agraph to an employ] %all include 
a ref]5ce to any pr$ecessor (1 or       
successor to1 su* employ]4  7#c7        
,aggregation rule ,all p]sons treat$ z a
 s+le employ] "u subsection 7b71 7c71   
7m71 or 7o7 ( section #dad %all be      
treat$ z "o employ]4  7#d7 ,inflation   
adju/m5t  7,a7 ,9 g5]al ,9 ! case ( a   
taxable ye> beg9n+ aft] #bjbj1 !        
#ejj1jjj & #ge1jjj am\nts 9 subsections 
7b7 & 7c7 %all ea* be increas$ by an    
am\nt equal--  7i7 su* doll> am\nt1     
multipli$ by  7ii7 ! co/-(-liv+ adju/m5t
 det]m9$ "u subp>agraph 7,b7 = ! cal5d> 
ye> 9 :i* ! taxable ye> beg9s4  7,b7    
,co/-(-liv+ adju/m5t ,= purposes ( ?is  
p>agraph1 ! co/-(-liv+ adju/m5t = any   
cal5d> ye> is ! p]c5tage 7if any7 by    
:i*--  7i7 ! ,,cpi = ! prec$+ cal5d>    

ye>1 exce$s  7ii7 ! ,,cpi = cal5d> ye>  
#bjai4  7,c7 ,,cpi = any cal5d> ye> ,=  
purposes ( ?is p>agraph1 ! ,,cpi = any  
cal5d> ye> %all be det]m9$ z provid$ 9  
section #a7;f77#d74  7,d7 ,r\nd+ ,if any
 am\nt z adju/$ "u subp>agraph 7,a7 is n
 a multiple ( #a1jjj1 su* am\nt %all be 
r\nd$ to ! next l[e/ multiple ( #a1jjj4 
7#e7 ,election to h cr$it n apply ,a    
taxpay] may elect to h ?is section n    
apply = any taxable ye>4 ,rules simil>  
to ! rules ( p>agraphs 7#b7 & 7#c7 (    
section #ea7;j7 %all apply = purposes ( 
?is p>agraph4  4  7b7 ,cr$it ,to be "p (
 g5]al bus9ess cr$it ,section #ch7;b7 ( 
su* ,code is am5d$ by /rik+ plus at !   
end ( p>agraph 7#ca71 by /rik+ ! p]iod  
at ! end ( p>agraph 7#cb7 & ins]t+ 1    
plus1 & by ins]t+ aft] p>agraph 7#cb7 ! 
foll[+ new p>agraph3  7#cc7 ! employ]   
wage cr$it det]m9$ "u section #de,t4  4 
7c7 ,d5ial ( d\ble b5efit ) d$uctions   
,section #bhj;,c7a7 ( su* ,code is am5d$
 by ins]t+ #de,t7a71 aft] #de,s7a714    
7d7 ,cl]ical ,am5dm5t ,! table (        

sections = subp>t ,d ( "p ,,iv (        
sub*apt] ,a ( *apt] #a ( su* ,code is   
am5d$ by add+ at ! end ! foll[+ ! item3 
,sec4 #de,t4 ,employ] wage cr$it4  4    
7e7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ,decemb] #ca1 #bjai4